Hiscox Ltd (LON:HSX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Hiscox Ltd (LON:HSX) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 1,838.14.

A number of equities research analysts have weighed in on HSX shares. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,148 price objective on shares of Hiscox in a report on Thursday, May 7th. Peel Hunt reiterated an “add” rating and set a GBX 1,960 target price on shares of Hiscox in a report on Wednesday. Citigroup boosted their price target on Hiscox from GBX 1,611 to GBX 1,846 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on Hiscox from GBX 1,800 to GBX 2,050 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Finally, Berenberg Bank upped their price target on Hiscox from GBX 1,900 to GBX 2,150 and gave the stock a “buy” rating in a research note on Friday.

Hiscox Price Performance

Shares of LON HSX opened at GBX 1,829 on Friday. Hiscox has a 1 year low of GBX 1,257.18 and a 1 year high of GBX 1,966.44. The stock has a market cap of £5.85 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. The firm has a 50-day moving average of GBX 1,812.42 and a 200 day moving average of GBX 1,648.99.

Hiscox Company Profile

Hiscox is a global, specialty insurer, listed on the London Stock Exchange and headquartered in Bermuda. We have grown from
our roots as a niche Lloyd’s of London underwriter into a diversified international insurance group operating across direct‑to‑consumer, broker and partner‑distributed retail insurance; large and complex commercial insurance; reinsurance and insurance‑linked strategies.

We currently employ over 3,000 people worldwide across 13 countries and 31 offices. We have a distinctive brand, energised and ambitious teams, a strong balance sheet, and plenty of room to grow in each of our chosen markets and lines of business.